- 74% of the companies surveyed say water is an increasing priority
- 59% agreed that it is also a growing business risk
- 88% said they would take active steps to manage water use in the next three years
Report Finds ‘Growing Sense of Urgency’ About Water Scarcity as a Business Risk
- 26.03.2019
- Author:admin
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There is a growing sense of urgency about water scarcity as a business risk, but almost half of all companies don’t have a plan to achieve their water reduction targets. That is the key finding of a new survey conducted by Ecolab Inc., a water, hygiene and energy technology company, and the sustainability news and research organization GreenBiz.
Companies are under pressure to reduce their water usage because of mounting water scarcity. According to U.N. projections, the world will face a 40% freshwater shortfall by 2030 if nothing changes. This is a growing issue for corporate water users, who consume more than 40% of all water used in industrialized economies and an increasing share in developing nations.
“Saving water is the smart play for the future,” said Emilio Tenuta, Ecolab vice president of Corporate Sustainability. “Companies can reduce costs and save energy, and become more resilient to water scarcity and climate change.”
The Ecolab-GreenBiz survey underscores the need for companies to rethink their water management. Key findings from the survey, which was conducted in February and March 2019 with responses from 86 companies with revenues of at least $1 billion, include:
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